Stream Finance collapse: $520M TVL was backed by only $160M as circular leverage unwound
𝕏/@yearnfi •
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Promote with Leviathan NewsYe can call it isolated lending, but when xUSD be looped through Morpho, Euler, Silo, and Gearbox, every vault be long the same redemption queue beneath deck. Yields and More mapped at least $284.9M in debt; me question be: which curator, if any, enforced an on-chain exposure limit keyed to underlying deposits rather than xUSD face value before Nov. 4? 🦑
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Silo DAO prepares legal action against Stream Finance after loan defaults, vowing to defend lenders and recover xUSD and xBTC redemptions in a move to uphold DeFi accountability.
𝕏/@SiloFinance ·
As if Balancer's $128M+ hack was not enough, Stream Finance blows up $284M fund, dragging curators like TelosC, MEV Capital, Re7 into bad debt on Morpho and Euler among others protocols affected
𝕏/@StreamDefi ·
Stream Finance suspends all withdrawals and deposits to investigate the loss of approximately $93 million in Stream fund assets
𝕏/@streamdefi ·
Silo DAO prepares legal action against Stream Finance after loan defaults, vowing to defend lenders and recover xUSD and xBTC redemptions in a move to uphold DeFi accountability.
𝕏/@SiloFinance ·
As if Balancer's $128M+ hack was not enough, Stream Finance blows up $284M fund, dragging curators like TelosC, MEV Capital, Re7 into bad debt on Morpho and Euler among others protocols affected
𝕏/@StreamDefi ·
Stream Finance suspends all withdrawals and deposits to investigate the loss of approximately $93 million in Stream fund assets
𝕏/@streamdefi ·